New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-31
REYEyTE AND EXPENDITURE.

After paying $4,000, 600 on pensions &C.
count during the month, and buying 5000,
900 bonds, the Treasury has nevertheless
increased its surplus $7,795,175 from August
TO August 81 inclusive, as was shown on
Monday In July, Notwithstanding pensions
payments of $l1 400, 900 and the redemption
of SIS, 100000 bonds, tic Treasury surplus
was reduced only $l,S00,O00. These fac Is
give some measure Of tho problem which
Pennsylvania Democrats are trying to solve.
Their convention to-day is expected TO pre-.
sent such solution as they may be able to dc.
wise. If the Treasury increases its surplus
IS, 952, 400 in two months, in spite Of tho
payment Of $27 100000 for pensions and
$25 10000 for the redemption of bonds,
what will be the contraction of the currency
in year, the pensions payments being linn
tied to $76,000,O00 by appropriations, and
the redemption of bonds limited by the will.
ngness Of holders to sell? Congressman
w. L. Scott has in hand the Administration
platform, which is said TO declare
Resolved, that the large annual surplus Of over
~ OO.OoO,O00 in tho National treasury has made
indispensable tho revision OF our National system
OF taxation. II ihls surplus be allowed to accumu-
late In tho Treasury, IL Will absorb largo n
portion OF tho currency Of tho country "a to bring
about disastrous financial panic, and II tho money
raised from unnecessary taxes DO expended upon
e1travagant schemes for advancing tho interests
Of special classes and sections IL will weaken the
public conscience and undermine our free institutions
We cordially indorse tho recommendation Of Presl-
dent cleveland that 1(he increasing aud unnecessary
surplus DO released to the people by amendments
to Our revenue laws which shall cheaper the price
of the nccessarcs of life and give free entrance to
such raw materials as by American labor may be-
manufactured into marketable commodities.
This is a candid statement of the free trade
solution Of the problem. Mr.. Randall and his
friends whose influence in the Democratic
PARTY of Pennsylvania has not often been dc
lcated, will insist that declaration against
protection would not only throw away all
chances Of carrying the State, but would cost
the party many counties which it has carried
Defeat for Mr.. Randall hoic is political death
lis opponents insist that it is death for the
party if it does not devise some way of pre-
venting Treasury accumulation by reducing
revenue. Obviously, it would be a waste of
time TO recommend the Democrats to con-
slider methods recently suggested TO help
home industries while reducing revenue. tho
advance in duties on wool, steel ingots, tin
plates and wire rods, for instance. No step
10 help American industries against foreign
competition is 10 be expected from a Demo
cratic convention.
"The New-Yors Herald for years adj
viscd the Democratic party to make an honest
and manly fight on the tarilT question, as tho
only mode of deserving success. Now as
mode Of getting success without deserving it,
the same misleading guide advises the party to
make its fight for power on the theory that
voters care more about land grants to railroads
than about the duties which defend their in.
dustries The shallow disguise will servo no
purpose. A hundred voters are profoundly
interested in the tariff question. in the close
States which will decide the next election,
for every one who really cares whether the